Main Navigation

Video and Audio Interviews That Matter.

Please Note: Your selection will open in a new window. Simply EXIT the window to return to this page.

May 2015 Interviews

Bill Holter

May 27, 2015 - Recent Bloomberg analysis says if China backed its currency with gold, the price would need to be 50 times higher than it is today. According to Bloomberg, that would be a gold price of around $64,000 per ounce, which is much more than gold expert Jim Sinclair predicted a few years ago. Financial writer Bill Holter weighs in, “That was a few years ago, before some of the QE, and Jim has said that? $50,000 gold may turn out to be laughably low. I think it is very curious that Bloomberg would run this because Bloomberg is as mainstream Wall Street as you are going to get. . . . It would be my guess that Bloomberg has some type of information that China is going to announce their holdings. I can show you that China has 10,000 tons of gold. That’s pretty easy to do. I use the figure of 10,000 tons, and oddly enough, that is the figure that Bloomberg used.”

May 25, 2015 - Bill Murphy, Chairman of GATA (Gold Anti-Trust Action Committee), says precious metal prices have been relentlessly rigged by central banks and governments. Murphy contends, “If gold were to just to have kept pace with inflation, forget all the QE, it would be double what it is today. That’s how artificially low the price of gold is today, and also silver. Once they lose control of silver, it will go from $22 to $100 per ounce very fast.” Murphy claims that one reason precious metal prices are suppressed is central banks are afraid of what Murphy calls “a derivative nightmare” touched off by a rising gold and silver prices. “We saw some of this before in 2008. There is counter-party risk all over the place, and it could set off like a nuclear reaction where there is one default after another. Derivatives have exploded to over $250 trillion. They don’t know what the outcome could be if they start getting this kind of reaction. So, they are maniacal in trying to keep the gold and silver prices in line.”

May 21, 2015- Former Reagan Budget Director David Stockman and FBN’s Neil Cavuto on the factors leading to the widening wealth gap. "We're all about to be taken to the woodshed", warns David Stockman in this excellent interview. The huge wealth disparity is "not because of some flaw in capitalism, or Reagan tax cuts, or even the greed of Wall Street; the problem is central banks that are out of control." Simply put, they have "siphoned financial resources into pure gambling" and the people that own the stocks and bonds get the huge financial windfall. "The 10% at the top own 85% of the financial assets," and thus, thanks to the unleashing of almost limitless money-printing, which has created a massive worldwide financial inflation, "the central banks have created and exaggerated the wealth gap." Stockman concludes, rather ominously, "it's a coup d'etat, the central banks have taken over - unconstitutional domination of the entire economy."

May 20, 2015 - Gold expert Rob Kirby arranges deliveries of the yellow metal to his clients measured by the ton. Kirby says news that China may disclose it has 30,000 tons of gold that will be devastating for the West. Kirby contends, “We could be fast approaching the moment when the tide is going to turn and go out, and we are going to find out who’s wearing a bathing suit." Kirby points out, “The problem is our global capital markets have become criminal cesspools. Our global capital markets right now are crime scenes. The regulatory regime installed by the leadership of America to prevent this all from happening has been vacant. They are derelict, and they are part of the problem. It starts with the repeal of the Glass Steagall Act back in the late 1990’s. You got to look back to see the context of where this train left the tracks. This is not a derailment. The derailment occurred a long time ago. Right now, the engine of the train is in the middle of a corn field, and it’s still moving.”

May 18, 2015 - Mexican retail mogul Hugo Salinas-Price is worried about the common man and the upcoming currency calamity that is approaching the globe. Salinas-Price says, “It certainly isn’t getting better when you have some intellectuals going so crazy as to say they want to ban cash. We can’t go too much further along this road. This is utter madness. We’re not supposed to use cash anymore." Salinas Price goes on to say, “If we have these lunatics running things, it can’t get any better. We have people running things that have forgotten about what motivates the common man. I want people to have silver because it is going to protect them. Something has to happen to take care of that debt. Either it’s going to be repudiated or it’s going to be inflated away, or it’s going to be paid with taxation. We are headed over Niagara Falls.”

May 12, 2015 - Financial expert Egon von Greyerz says forget about making money in today’s global economy. The primary objective should be protection and wealth preservation, and von Greyerz goes on to explain, “It’s all about risk . . . what you are looking at now is a world where risk is unprecedented. We have bubble land. We have bubbles in stock markets. We have bubbles in bond markets. We have bubbles in assets markets, such as the art market, for example. On top of that, we have a banking system that is bankrupt. We have country risks that are enormous, but we also have geopolitical risks. It looks like we are in bubble land where bubbles can expand exponentially, but you cannot break the laws of science. At some point, bubbles will burst. You can’t buy fire insurance after the fire. Number one, from the point of investors, is to protect yourself.”

May 10, 2015 - Economist John Williams says forget about the so-called recovery, we are headed for recession. Williams contends, “They’ll have a downside revision to this 1st quarter estimate that will take it negative. What we are seeing now is that the outlook for the second quarter is not only weak, but it is also going to turn negative. It’s an ongoing economic downturn that we entered into way back in 2005. This is something close to a depression.” Williams says because the Fed will not be able to raise rates in a sinking economy, the dollar will sink too. Williams explains, “That’s why you’ve seen weakness in the dollar in the last couple of weeks. As the economic outlook has dimmed, and expectations of the Fed raising rates has been pushed off into the future, which is a major factor in the unfolding dollar weakness, it’s still a lot stronger than a year ago, but the downturn in the dollar has started."

May 8, 2015 - Jim Rickards Unpluged - (Recorded on April 30) - James Rickards is Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of New York Times best seller, The Death of Money (Penguin, 2014), and national best seller, Currency Wars (Penguin, 2011). He is a portfolio manager, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. Jim presents an informal explanation of his "Barbell Strategy" going into the coming turbulent times. Rickards explains that we must prepare for both inflation and deflation in our portfolio strategy as it could go either way and the Fed has it wrong.

May 6, 2015 - Money manager and financial expert Catherine Austin Fitts is worried about exploding global debt. It has almost doubled since 2007, and Fitts says, “Yes, I am worried about it, and I still think the chance for collapse is relatively small, but I am very worried about the level of violence going up to deal with the tensions resulting from this." Fitts thinks that shear force is helping to hold the current broken system together.Even though Fitts thinks the chance of total collapse is “relatively small, she’s not discounting the chance of a major move this fall. Fitts contends, “I think this fall is going to be a major turning point. You see the SDR (Special Drawing Rights) system coming to a head. It doesn’t have to get to World War III, and it doesn’t have to get to collapse, but it does have to get to change."

May 4, 2015 - Trader/analyst Gregory Mannarino thinks increasing bad economic news will force the Fed to print more money, or QE. Mannarino contends, “I absolutely think that’s going to happen. Before they allow this mechanism that they have propped up with these distortions that are so extreme, to correct to fair market value, they are going to throw everything at it to keep it going. Again, the alternative is too horrible to contemplate. The world will become Baltimore when the debt bubble bursts.In terms of the so-called recovery." Mannarino says, “We are going nowhere. We got consumer spending falling off a cliff despite the promise we heard from the mainstream that people were going to be saving cash at the pumps and we were going to be spending it on other things. . . . We got manufacturing falling off a cliff. Exports are falling off a cliff. We’re in decline.